2021.03.10 09:10 GMT+8

BizBeat Ep. 65: China's shadow banking now under a tight leash

Updated 2021.03.10 09:10 GMT+8
CGTN

China's shadow banking activity is now under a tight leash. That was the main idea of a speech by Guo Shuqing, chairman of the country's top banking and insurance regulator, right before China's biggest political season. That means China will strike a balance between reviving the economy through financial means and preventing the economy from over-borrowing and over-leveraging. How has China clamped down on shadow banking? CGTN's Xia Cheng has the answers.

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